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British Pound currency exchange rates today, Buy sell GBP

2013-03-07T01:26:39-08:00

Our British Pound foreign exchange graphs and live currency exchange rates calculators indicate the current inter-bank foreign exchange rates to buy and sell GBP. The graphs only show the pound against the most frequently traded currencies.

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USD currency exchange rates today, Buy sell US dollars

2013-03-07T01:18:35-08:00

Our United States Dollar, USD, foreign exchange graphs and live currency exchange rates calculators indicate the current inter-bank foreign exchange rates to buy and sell dollars. The graphs only show the USD against the most frequently traded currencies.

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Euro currency exchange rates today, Buy sell euros

2013-03-07T01:09:30-08:00

Our Euro foreign exchange graphs and live currency exchange rates calculators indicate the current inter-bank foreign exchange rates to buy and sell euros. The graphs only show the euro against the most frequently traded currencies.

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Live currency exchange rates today, graphs and calculator

2013-03-07T00:18:29-08:00

Our graphs and live currency exchange rates calculators indicate the current inter-bank foreign exchange rates. The graphs only show the most frequently traded currencies.

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2013-02-28T05:27:59-08:00

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Daily FX News Monday 14th January, 2012

2013-01-14T01:15:58-08:00

As we write this morning the GBP/USD cross sees the sterling following the rest of the risk associated assets on Monday, retracing ground after climbing as high as 1.6156 overnight, as risk appetite continues to swell.

We should find this week interesting for the sterling, as inflation figures are due tomorrow followed by December Retail Sales on Friday.

As we write this morning the GBP/USD is up 0.05% at 1.6140.

The EUR/USD sees the single currency continuing its correction lower from today’s tops above 1.3400. This was after German Wholesale Prices came in flat on a monthly basis and 3.2% over the last twelve months. As we write, the pair is down 0.16% at 1.3386 with the next resistance at 1.3487.

Friday saw new applications for the unemployment benefits in the world’s biggest economy ticked up slightly during the last week, reflecting uneven improvement in the labor market.

We see the NZD/USD has edged higher since it’s opening, which has marked a session low at 0.8361. During overnight trading and the inception of the European session however, the pair has gradually climbed to the 0.8400, where it is currently testing in these moments. At the time of writing, the pair has secured a gain of +0.14% above its opening Monday.

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Foreign Exchange Daily News Friday 7th December, 2012

2012-12-07T00:35:45-08:00

This morning as we write the pound sterling has followed its European counterpart on Thursday. It has fallen from the boundaries of 1.6130 to the actual 1.6050 region after the BoE has left its monetary policy unmodified, succumbing afterwards to the general bearishness after the press conference by President Draghi.

We have also seen poor data out of the UK trade balance which has collaborated in the negative sentiment. Today’s docket in the British economy comprises industrial and manufacturing production and consumer inflation expectations.

There has been positive news from the USD with the pace of service sector growth in the world’s biggest economy continued to gain momentum in November, while the number of new orders rose as well, giving a positive sign for the economy. The Institute for Supply Management said its services index climbed to 54.7 last month, up from 54.2 the month before.

The foreign exchange news regarding the sentiment surrounding the bloc currency remains depressed on Friday, prolonging yesterday’s decline after the dovish press conference by President Mario Draghi.

The euro fell from Thursday’s tops above 1.3080 to the key level at 1.2950 after the ECB now expects the euro zone to contract 0.3% in 2013 and to grow 1.2% in 2014

Fx-Foreign Exchange News for the Global Market Thursday 6th December, 2012

2012-12-06T00:31:46-08:00

As we write this morning the the sterling is prolonging its downside, sparked after the cross has climbed to Tuesday’s highs in the proximities of 1.6130, as risk appetite continues to shrink.

In the UK, a survey revealed that construction activity shrank in the previous month to its lowest level in 12 months. As markets expect the sector to move into a slower territory, it has pronounced the work needed to be done in order to get the UK economy back on track. The economy has just emerged from the double dip recession, owing to the surge in activity due to the Olympics. Sterling has managed to hold on to strength trading to highs of 1.6130 as there are political differences in the US over the fiscal cliff.

Yesterday, saw the British Chancellor George Osborne deliver his Autumn Budget Statement before the parliament. He emphasized that the Eurozone debt crisis had been weighing on the UK economy and informed that the Office of Budget Responsibility slashed its GDP forecast to -0.1% in 2012 from +0.8%. The predictions for 2012 and 2013 are 1.2% and 2.0%, respectively.

The Euro is grinding lower on Thursday; bouncing off session lows after the agency S&P has downgraded Greece to SD (selective default) from CCC.

The EUR/USD cross is now losing 0.07% at 1.3056 and a dip below 1.3047 (low Dec.4) would bring 1.2994 (MA10d) and finally 1.2973 (Dec3)

Spanish Treasury held a debt sale on Wednesday during which it managed to auction 4.2 billion euros worth of government bonds, out of a targeted Eur 3.5-4.5 billion euros. 3-, 7- and 10-year bonds were sold at lower interest rates than seen at the previous auction.

1.1 billion euros of 10-year bonds were sold at an average interest rate of 5.25%, which is the lowest level seen since September 2011. Also 1 billion worth of 7-year bonds was auctioned. These yielded 4.66%, slightly higher than 4.54% seen at the previous sale. The rest of the amount was placed in 3-year bonds, which yielded 3.39%, compared with the previous 3.61%.

Foreign Exchange Daily News Thursday 29th November, 2012

2012-11-29T01:05:34-08:00

We have seen the recent upside in the sterling is losing momentum at the moment, retracing ground from overnight highs in the vicinity of 1.6020 after the Nationwide Housing Prices have contracted 1.2% on a year through November, missing estimates at -0.9%

It has been reported that Confidence among the U.S. consumers soared to the highest level since February 2008 this month, a sign U.S. household spending will keep gaining momentum. The Conference Board’s said its index of consumer confidence climbed to 73.7 in November, from a revised 73.1 reading in the prior month and above analysts’ expectations of an increase to 73.0.

The average price change for all goods and services purchased by households in Germany fell in November, affected by the Eurozone’s debt crisis, the state’s statistics office in Dusseldorf said Wednesday. The inflation rate in country’ most populous state remained at 1.9%, while consumer prices fell 0.1%.

The Aussie dollar is grinding lower on Thursday, navigating in the 1.0450/60 region after hitting 1.0480 overnight on better domestic data. In fact, New Home Sales rose 3.4% during October, up from September’s contraction of 3.7%. Private Capital Expenditure rose 2.8% during the third quarter below the previous 3.4%.

Daily FX News Monday 26th November, 2012

2012-11-26T00:27:28-08:00

This morning in the Foreign Exchange market all eyes will be on the Eurogroup that is meeting today and we hope it will bring some solution for the next aid tranche for Greece.

This morning the GBP/USD moved within a 25 pip range between 1.6015 and 1.6039 as some optimism linked to US holiday spending season pushed Asian stocks higher.

The pair lacked momentum and found respective support and resistance between the Camarilla S1 and R1 levels at 1.6018 and 1.6043.

This morning the EUR/JPY is currently at 106.57, off previous fresh 7-month highs at 107.13 on the back of latest Bank of Japan minutes, giving hopes for further monetary policy easing. The bank also noted weakening economic environment.

The weaker sentiment seen on Asian session, allowing greenback strength, is being erased now. After reaching 0.9299 high, the USD/CHF tumbled down to 0.9280 and now is eyeing the possibility of further downside.

It was noted that Spanish Mortgages for Housing fell 32.2% versus September of last year.